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Econintersect: There are headlines recently about astoundingly wealthy individuals who have gone broke. Many of these stories involve sports figures and entertainers. Today (September 23, 2011) there are stories summarizing such events, one at MSN.com and the other at AdvisorOne. The AdvisorOne story (by sportscaster Dan Berman) reviewed the “10 worst financial meltdowns by athletes.” MSN covered 14 “stars who went broke,” including three athletes. Only one person made both lists: boxer Mike Tyson. That means just these two stories covered 23 riches to rags stories.

Follow up:

Dan Berman runs his story in the form of a top ten slideshow. His list (and the size of the lost fortune):

Some of those who have gone broke have made some progress at reestablishing financial stability. According to AdvisorOne, Sheryl Swoopes is the only person on the list who says that her own mismanagement was the reason for her losses.

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